Manama: This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 261%. The bills, with a maturity period of 91 days, have been issued by the Central Bank of Bahrain (CBB) on behalf of the Government of the Kingdom of Bahrain. These treasury bills have an issue date of January 22, with a maturity date set for April 23.
According to Bahrain News Agency, the weighted average rate of interest for this issue stands at 5.50%, a slight decrease from the 5.56% recorded in the previous issue on January 15. The average price for this week's issuance was approximately 98.630%, with the lowest accepted price marked at 98.620%.
This issuance is identified as issue No.2052 (ISIN BH00054282R3) of the Government Treasury Bills. With the completion of this issue, the total outstanding value of Government Treasury Bills in Bahrain has reached BD 2.110 billion.